This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy And Planning – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy And Planning Quiz 12 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. India joined UN in which year? A) 1945. B) 1946. C) 1947. D) 1948. Show Answer Correct Answer: A) 1945. 2. Assertion:Tribal people are against the mining of iron ore in Orissa Reason:The tribal population fears that the setting up of industries will cause displacement from their home and livelihood A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and R is NOT the correct explanation of A. C) A is true but R is false. D) Both A and R are false. Show Answer Correct Answer: B) Both A and R are true and R is NOT the correct explanation of A. 3. 7-How much percentage of income from the manufacture of tea is considered as business income. A) 10%. B) 20%. C) 30%. D) 40%. Show Answer Correct Answer: D) 40%. 4. 'Modernisation' as a goal of planning in the context of Indian economy aimed at: A) Use of new technology. B) Change in social outlook. C) Adopting western life style. D) Both (a) and (b). Show Answer Correct Answer: D) Both (a) and (b). 5. ..... refers to disposal of equity of public sector units in the market. A) Disinvestment. B) Privatisation. C) Liberalisation. D) Globalisation. Show Answer Correct Answer: A) Disinvestment. 6. Why does public sector plays an important role during planning period? A) Market was not big enough to encourage prive industrialists. B) Private industrialists lack with capital to invest. C) Policy makers tried to develop Indian economy on socialistic lines. D) All of these. Show Answer Correct Answer: D) All of these. 7. The pair of notes demonetized A) 500, 2000. B) 500, 1000. C) 1000, 2000. D) None of above. Show Answer Correct Answer: B) 500, 1000. 8. A "closed economy" is an economy in which [CSAT 2011] A) The money supply is fully controlled. B) Deficit financing takes place. C) Only exports take place. D) Neither exports nor imports take place. Show Answer Correct Answer: D) Neither exports nor imports take place. 9. Sustainable growth in mentioned in which five year plan? A) 11th. B) 10th. C) 12th. D) 9th. Show Answer Correct Answer: C) 12th. 10. The main objective of First Five-year Plan was: A) Industrial growth. B) Economic growth. C) Development of agriculture including irrigation and power projects. D) Self-reliance. Show Answer Correct Answer: C) Development of agriculture including irrigation and power projects. 11. Who is not a member of national development council? A) Prime minister. B) Chief minister. C) Governers of state. D) Members of planning commission. Show Answer Correct Answer: C) Governers of state. 12. The production decision under which economic system is based upon the market forces of demand and supply? A) Mixed economy. B) Capitalist economy. C) Socialist economy. D) None of these. Show Answer Correct Answer: B) Capitalist economy. 13. Economic liberalisation in India was initiated in 1991 by Prime Minister ..... and his then-Finance Minister ..... A) P. V. Narasimha Rao, Dr. Manmohan Singh. B) P.V Narasimha Rao, Inder Kumar Gujral. C) P.V Narasimha Rao, Madhav Rao Scindia. D) P.V Narasimha Rao, Ghulam Nabi Azad. Show Answer Correct Answer: A) P. V. Narasimha Rao, Dr. Manmohan Singh. 14. In which Plan was the growth rate target exceeded? A) First. B) Fifth. C) Sixth. D) None of these. Show Answer Correct Answer: A) First. 15. "Garibi Hatao" was a the main objective of which five year plans. A) 3rd. B) 2nd. C) 5th. D) 8th. Show Answer Correct Answer: C) 5th. 16. In India, the concepts of "minimum heeds" and "directed anti-poverty programmes" were the innovations of: [CDS 2004] A) Fourth Five-year Plan. B) Fifth Five-year Plan. C) Sixth Five-year Plan. D) Seventh Five-year Plan. Show Answer Correct Answer: B) Fifth Five-year Plan. 17. Who was the last deputy chairman of the Planning Commission? A) Shri Pranab Mukherjee. B) Montek Singh Ahluwalia. Show Answer Correct Answer: B) Montek Singh Ahluwalia. 18. Which plan was presented by 8 leading industrialists as a 15 year Investment plan? A) Congress plan. B) Bombay plan. C) People's plan. D) J.P Narayan plan. Show Answer Correct Answer: B) Bombay plan. 19. Which one of the following is the task of the Planning Commission? [NDA 1991] A) Preparation of the plan. B) Implementation of the plan. C) Financing of the plan. D) Both A and B. Show Answer Correct Answer: A) Preparation of the plan. 20. Nehru was our first Prime Minister as well as A) Health Minister. B) Foreign Minister. C) Education Minister. D) Finance Minister. Show Answer Correct Answer: B) Foreign Minister. ← PreviousNext →Related QuizzesIndian Economy And Planning Quiz 1Indian Economy And Planning Quiz 2Indian Economy And Planning Quiz 3Indian Economy And Planning Quiz 4Indian Economy And Planning Quiz 5Indian Economy And Planning Quiz 6Indian Economy And Planning Quiz 7Indian Economy And Planning Quiz 8Indian Economy And Planning Quiz 9Indian Economy And Planning Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books